PANEVEZIO PIENAS

MATERIAL EVENT



THE COMPANY’S DIRECTOR GENERAL HAS CHANGED



(Unofficial translation done at the NSEL)



Acting on the proposal of Gediminas Sargunas, Director General of the Company,

the parties have agreed to terminate the Employment Contract concluded with him.

Mr. Albertas Balciunas, Deputy Director General, has been authorised to

temporarily act as Director General.





Voldemaras Klovas

Deputy Chairman of the Board

(+370-698) 39 727